Tag Archives: Rate hold

Hold the Rate, Please!

Mortgage lenders will hold an interest rate for you, but only for a limited period of time.  This time period depends on your transaction type, the lender and the product features.  Typically, you should expect a 120 day or 4 month rate hold, but don’t take this for granted.  The longer a lender holds‌ an interest rate, the greater their risk exposure and resulting costs.  If rates go up they still … Read More

Posted in Blog, Canadian Housing Market | Tagged | 1 Comment